In the 1980s and 1990s,Neon Corp

question 25

Multiple Choice

In the 1980s and 1990s,Neon Corp.was the most successful firm in the television market.The firm believed that its competitors would never be able to produce televisions comparable to its quality and cost.As a result,it was unable to respond to the new generations of television with which its Japanese competitors had begun to infiltrate the market.Eventually,Neon lost its market leadership to its competitors.This scenario most clearly exemplifies the _____.

• A) Giffen effect
• B) Hawthorne effect
• C) Idiosyncrasy Credit
• D) Icarus Paradox

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Definitions:

ASA Model

Stands for Attraction-Selection-Attrition Model, a framework used to understand how individuals are attracted to, selected by, and leave organizations, highlighting the role of fit between person and organization.

Attraction

The interest, desire, or force that draws individuals towards something or someone, influenced by various factors including appearance, personality, or similarity.

Attrition

The gradual reduction in the workforce due to employees leaving through resignation, retirement, or termination, without plans for immediate replacement.

Norms

Shared guidelines or rules that prescribe the appropriate behavior in specific situations within a group or society.